Innovative East Asia: The Future of Growth (World Bank Publication) - Softcover

Yusuf, Shahid; Etc.

Softcover

ISBN 10: 082135356X ISBN 13: 9780821353561

Publisher: World Bank Publications, 2003

Synopsis

The salience of East Asia in the global economy is now unquestionable, and with a population of nearly 1.9 billion, its expanding markets will strongly influence the tempo of international trade and the growth of global incomes. However, while the potential of East Asian economies has been amply demonstrated, their future performance is by no means assured. The crisis of 1997, the uneven recovery, the intensifying trade competition, and the rapidity of technological change, call for initiatives by governments and by firms on several fronts. East Asia needs to sustain its hard-earned stability by recalibrating its fiscal and exchange rate policies, by strengthening social safety nets and governance, and by invigorating financial, regulatory, and legal institutions. Yet these are only preconditions; future economic performance will depend on linking growth to productivity. The major contribution of 'Innovative East Asia' is that it identifies and analyzes the ingredients of an innovative economy, discusses how these can be meshed together by government policy and market initiatives, and demonstrates how stability can be a stepping stone to innovation-driven growth.

About this title

Synopsis:

Based on a study cosponsored by the government of Japan and the World Bank, this report examines the policy choices available for promoting economic growth in East Asia in the wake of the financial crises of the late 1990s. Topics include macroeconomic stability, corporate and financial reform, regional cooperation, innovation systems, education, e

About this edition

• Publisher: World Bank Publications
• Publication date: 2003
• ISBN 10: 082135356X
• ISBN 13: 9780821353561
• Binding: Paperback
• Number of pages: 439